The tenure of Tom Golisano as owner of the Buffalo Sabres could be coming to a close.
Ken Campbell of The Hockey News is reporting that billionaire Terry Pegula has signed a letter of intent to purchase the Sabres from Golisano for $150 million dollars.
Pegula is the founder, President and CEO of East Resources, one of the largest privately held companies in the United States.
Here is his bio from the East Resources website:
Terrence Pegula, is the founder of East Resources, Inc. and has held the position of President, CEO, and sole shareholder since the company's inception in 1983. He holds a B.S. in Petroleum and Natural Gas Engineering from The Pennsylvania State University, and has over 35 years of experience in the oil and natural gas industry. Prior to founding East, he gained experience employed by Getty Oil Co. and Felmont Oil Corp. in Victoria, Houston and Midland, Texas as a drilling, production and reservoir engineer. Born and raised in Pennsylvania, he returned to the northeast and founded East Resources, Inc., building it into one of the largest independent oil and natural gas companies in the Appalachian Basin.
Pegula loves the sport of hockey, as he and his wife, Kim, donated $88 million dollars to Penn State University to fund a new arena and to establish a hockey program in University Park.
_________________ "No matter how hard you kill Jesus, he would always just come back and hit you twice as hard."
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